Equity
Debts exceed assets in financial year 2024.
Debts exceed assets in financial year 2024.
Lower solvency than 95% of companies in land transport. Sector median 41.6% · 1,855 companies.
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 5% of them on solvency, 44% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is insufficient, with a current ratio of 0.19, below 1. Short-term debt is 221.2% and cash 35.5% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its 2024 accounts 336 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ORIENT EXPRESS Charleroi | €33,001 | €13,531 | -121.2% | - |
| ZERMAT Sint-Pieters-Leeuw | €33,586 | €12,931 | -12.8% | - |
| Mr. Brocante Torhout | €30,411 | €13,266 | 61.0% | - |
| MR TRANS Wetteren | €32,098 | €12,580 | 34.8% | - |
| IAZA TRANSPORT Brussels | €34,661 | €16,615 | 61.8% | - |
| MGS TRINITY Watermael-Boitsfort | €30,551 | €16,278 | 45.5% | - |
| JSF COMPANY Zaventem | €36,626 | €11,381 | 72.9% | - |
These companies have the same main activity as ORIENT EXPRESS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €30,400 and €36,600, founded in 2024.
The computed 12-month bankruptcy probability of ORIENT EXPRESS is 10.1% (high). The 2024 annual accounts show negative equity (-€39,981) and a net result of -€49,981.
Its solvency ranks better than 5% of 1,855 sector peers (NACE 49, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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